Legal default interest 2021
Fees are the amounts that banks charge you for their services. These may be charged to you together, as a single generic charge, or separately, i.e. an individual charge for each service provided. They may also charge you justified expenses that they have to pay to third parties in order to provide certain services.
In any case, the information that the institution must provide to its customers must refer to the CUSTOMER FEES charged for the most frequent services rendered and to the expenses charged (concepts that give rise to commissions and/or expenses, the frequency with which the commissions and/or expenses will be applied and the amounts of the commission or expenses). If the banking service is provided through a remote means of communication, the applicable commission for any concept and the costs to be charged must be clearly indicated free of charge. They must inform about the interest rates usually applied to the most frequently provided services, including the APR and shall inform, separately, about the commissions, interest rates or surcharges applicable to overdrafts.
Moratory interests civil code
In a previous post we told you what the deadlines were for the insurance company to pay you for your claim or accident. And this is valid for automobile, home, life, business, liability, etc. policies. But what is the penalty if I don’t get paid when it is due?
Insurance companies have two deadlines when it comes to paying you. The first is to pay you the “minimum amount” within 40 days of notification of the claim. The second is to pay you the full amount of the accident at the end of the investigations and appraisals, and at the latest, within 3 months of the declaration of the claim. But, what punishment or penalty does the insurance company have if it does not pay me when it is due?
Commercial legal interest
II. Being that the loan that encumbers the registered property 1.982 is granted for the acquisition of the aforementioned real estate by a borrower who is a consumer, it is subject to the prescriptions established in the law 5/2019, of March 15, regulating real estate credit contracts.
Article 28.3 of Directive 2014/17/EU, in relation to the interest for late payment in case of foreclosure proceedings, provides that, “Member States may authorize lenders to impose additional surcharges on the consumer in the event of non-payment. Member States making use of this possibility shall determine the maximum value of such surcharges”.
Regarding the mandatory nature of this rule, Article 3 of the aforementioned Law 5/2019 states that: “The provisions of this Law and those contained in its implementing rules shall be of a mandatory nature, not being available to the contracting parties unless the rule expressly provides otherwise”.
From the first paragraph of I) Sale Linked to 7 of Other Obligations, the following: “in addition to any other that may have been expressly agreed”, as it has been declared inadmissible, as it is generic and indeterminate, in accordance with what was declared by the DGRN in the resolutions of October 23 and 26, 1987 and for being contrary to the principle of speciality.
Statutory late payment interest
If your tenant stops paying you rent, he will have to add an extra charge to what he owes you. This is the default interest for non-payment of rent; that is, the interest generated by that debt. But, how much does it amount to? How to calculate the interests of delay in a rent? We address these and other questions.
As it happens in the loans, the nonpayment of the due amount – in the case that occupies us, in concept of rent of rent – generates a series of interests: the moratorium interests or interests of delay.
The interests of delay for nonpayment of rent are produced with compensatory character, before a nonpayment of the rent of rent. Because its purpose is to compensate economically to the lessor for the time that has taken in collecting, to correct the possible damage that this nonpayment could have caused him.
The interests for delay can be requested from the moment in which the unpaid rents are claimed by means of a reliable notification. That is to say, that you can prove its sending and receipt, such as a registered letter with acknowledgment of receipt or a burofax, so an email or a WhatsApp would not be valid. Once these rents have been claimed, you can claim the interest for late payment of the same.